Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is Flexsteel Industries (FLXS) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.
Flexsteel Industries is a member of our Consumer Discretionary group, which includes 256 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Flexsteel Industries is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for FLXS' full-year earnings has moved 15.5% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, FLXS has returned 16.6% so far this year. Meanwhile, stocks in the Consumer Discretionary group have lost about 5.4% on average. This means that Flexsteel Industries is outperforming the sector as a whole this year.
Haleon PLC Sponsored ADR (HLN) is another Consumer Discretionary stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.4%.
For Haleon PLC Sponsored ADR, the consensus EPS estimate for the current year has increased 2.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Flexsteel Industries belongs to the Furniture industry, a group that includes 8 individual companies and currently sits at #93 in the Zacks Industry Rank. On average, this group has gained an average of 14.7% so far this year, meaning that FLXS is performing better in terms of year-to-date returns.
On the other hand, Haleon PLC Sponsored ADR belongs to the Consumer Products - Discretionary industry. This 27-stock industry is currently ranked #143. The industry has moved +7.5% year to date.
Going forward, investors interested in Consumer Discretionary stocks should continue to pay close attention to Flexsteel Industries and Haleon PLC Sponsored ADR as they could maintain their solid performance.
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Flexsteel Industries, Inc. (FLXS): Free Stock Analysis Report Haleon PLC Sponsored ADR (HLN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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